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US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

Kushinator

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US employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery picking up steam.

Employers added 290,000 jobs in April, the Labor Department said on Friday, far more than analysts had expected.

The department also revised figures for February and March to show 121,000 more jobs were added than previously thought.

The unemployment rate, however, rose to 9.9 percent as discouraged workers re-entered the labor force to look for work.

source

As speculated, job creation exceeded even the most optimistic expectations. At current rate, we are right at or exceeding the necessary requirements for the steady state. As job expectations increased, so did the unemployment rate. None the less, another round of positive news in the recovery of labor markets.
 
source

As speculated, job creation exceeded even the most optimistic expectations. At current rate, we are right at or exceeding the necessary requirements for the steady state. As job expectations increased, so did the unemployment rate. None the less, another round of positive news in the recovery of labor markets.

Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

If this is a recovery, we're @#$%ed.
 
Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

If this is a recovery, we're @#$%ed.

LOL you people got us into this crapper and now you complaining it is not a "good enough" recovery? Pathetic.
 
Wait a minute! The economy is recovering without the government? How is this possible!?
 
LOL you people got us into this crapper and now you complaining it is not a "good enough" recovery? Pathetic.

You people = Frank, Dodd, Reid, Pelosi and the Fannie and Freddie circus.
 
Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

If this is a recovery, we're @#$%ed.

I think it said private sector jobs. Come on, dude. The economy was bound to recovery eventually - that's how the market's self-correcting mechanisms work.
 
I think it said private sector jobs. Come on, dude. The economy was bound to recovery eventually - that's how the market's self-correcting mechanisms work.

Sure, it's stablized, and there are companies in better position to expand and take advantage of a more-talented-than-normal available pool of candidates, but the real recovery won't occur until business feels relatively safe from the buffoons in Washington and what they might pull next.
 
Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

A market correction of 15% is more than a year over-due. Fear induced profit taking in light of the recent scares out of Europe leaves us with few real question marks regarding the pull back. With a federal funds rate near the zero bound, a more than adequate wall of liquidity will prevent markets from falling too far.

If this is a recovery, we're @#$%ed.

And if my ideology required the nation's economy to falter in its last attempts to stay somewhat relevant, i might have the same sentiment.
 
By the way, how many young people enter the job market each year, versus how many people retire?

You have to create thousands upon thousands of jobs each year just to meet that demand.
 
It still dropped 340 yesterday, after the correction on the glitch, and that's on top of the previous two days' worth of drops, and today's near 200-point drop.

A glitch scared a lot of people - I bet you the majority of investors aren't really following 24/7 hour news and simply pull out when they see others doing the same.
 
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And if my ideology required the nation's economy to falter in its last attempts to stay somewhat relevant, i might have the same sentiment.

You mean the pervailing ideology of this country?

Big, big government is not an ideology. It's a death sentence. See Greece.
 
This is 10% unemployment, even with all of those Census jobs, and even not counting those who have given up looking. Huh, I guess it's a lot easier to stay unemployed when the government is paying you to do it. ;) You can't have a correction if you don't allow people to realize that maybe the value of their skills has gone down.
 
This is 10% unemployment, even with all of those Census jobs, and even not counting those who have given up looking. Huh, I guess it's a lot easier to stay unemployed when the government is paying you to do it. ;)

Interesting statement considering decreased jobless claims.
 
You mean the pervailing ideology of this country?

Big, big government is not an ideology. It's a death sentence. See Greece.

Interesting comment given it was excessive government spending during periods of high(er) economic growth that fueled such credit woes.

Hoping the economy tanks to realize political fantasy shows character. :roll:
 
Interesting statement considering decreased jobless claims.

Actual unemployment is around 17 percent when you adjust for those that quit looking. It's near 30 percent in Michigan (and near 40 percent for black men between 25 and 54).
 
Interesting statement considering decreased jobless claims.

So jobless claims are down, the country added 250,000 jobs - yet we lost probably 4 million over the past year or two... yet unemployment rose to 9.9% or we might just want to round up 0.1% and say 10%.

Yay? :confused:
 
Hoping the economy tanks to realize political fantasy shows character. :roll:

It's not hope. It's understanding what makes businesses grow, and your party's fascination with going after the the only people in this country that can actually make it happen is not going to get us there. Never has, never will.
 
Actual unemployment is around 17 percent when you adjust for those that quit looking. It's near 30 percent in Michigan (and near 40 percent for black men between 25 and 54).

Can you do me the favor of explaining why the headline unemployment definition is U-3 and not U-6?
 
You people = Frank, Dodd, Reid, Pelosi and the Fannie and Freddie circus.

You should stick to the facts and not made up right wing fantasies.
 
Kind of meaningless when your real unemployment is probably closer to 20%.

And while the faux pas on wall street yesterday may be a wake up call... do we all realize that Greece is 100%+ in debt over their GDP and that we, the United States, is around 70% according to the talking heads on television? The warnings are out there ... stop ****ing spending money we are borrowing. If we do not, we'll relish the days of 9.9% unemployment as the "good old days".
 
It's not hope. It's understanding what makes businesses grow, and your party's fascination with going after the the only people in this country that can actually make it happen is not going to get us there. Never has, never will.

Newsflash: My ideology (im not a democrat) has nothing to do with my take on the political economy.
 
The economy is definitely showing signs of recovery; virtually every economic indicator (construction, consumption, inventories, income, employment) is showing steady growth. It was bound to happen. That's how free markets work!
 
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